Barclays PLC (LON:BARC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Barclays PLC (LON:BARC) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 527.50.

A number of brokerages recently commented on BARC. Royal Bank Of Canada raised shares of Barclays to an “outperform” rating and boosted their price objective for the stock from GBX 550 to GBX 575 in a research note on Wednesday, April 29th. Jefferies Financial Group lifted their price objective on shares of Barclays from GBX 570 to GBX 590 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Citigroup boosted their target price on shares of Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Shore Capital Group reiterated a “buy” rating on shares of Barclays in a research note on Tuesday, April 28th.

Barclays Stock Performance

LON BARC opened at GBX 448.35 on Friday. The company has a market capitalization of £60.71 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company’s 50-day simple moving average is GBX 435.80 and its two-hundred day simple moving average is GBX 445.29. Barclays has a one year low of GBX 315.50 and a one year high of GBX 523.

Barclays (LON:BARC) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 EPS for the quarter. The company had revenue of GBX 816.30 billion during the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. Equities analysts expect that Barclays will post 39.1062802 earnings per share for the current fiscal year.

Key Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: Barclays research continued to be active across U.S. equities, including bullish calls on names like Oscar Health and Hewlett Packard Enterprise, reinforcing the bank’s visibility as an influential market analyst. Barclays Just Upgraded Oscar Health Stock. Here’s Why.
• Neutral Sentiment: Barclays launched a £200 customer incentive/promo campaign in the UK, which may support deposits or customer engagement, but the near-term earnings impact is unclear. Barclays launches £200 boost available for millions until August 27
• Neutral Sentiment: A Barclays strategist said long-term equity views remain intact, but also urged caution on U.S. stocks amid stretched sentiment and leverage, which is a macro headwind for financial stocks. How exploding investor euphoria and leveraged ETFs turned one stock-market bull cautious
• Negative Sentiment: The main drag on Barclays’ shares appears to be a cautious market backdrop, with investors rotating away from risk assets after Barclays flagged weaker short-term conditions for U.S. equities. Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.